The OEEC was created to administer the U.S. financial aid made available through the Marshall Plan for European recovery assistance.
In April 1948, representatives of sixteen European countries and West Germany met in Paris where they signed a convention establishing the Organization for European Economic Cooperation (OEEC). The OEEC was created to administer the U.S. financial aid made available through the Marshall Plan for European recovery assistance. In the days immediately following the creation of the OEEC, the World Bank initiates communciations with the new organization and begins considering the appointment of a Paris-based representative to maintain liaison with the OEEC.
Dec. 21, 1948
The Bank's Paris office staff member informs the Bank's Vice President that he will sail to the U.S. alongside representatives of the OEEC (1502513).
Garner emphasizes Forbes' role as liaison with OEEC and ECA and expresses enthusiasm for reports of new developments (1502513).
July 22 and July 26, 1948
The wire from President McCloy names Grant Forbes as liaison to OEEC and a second wire from Secretary General Marjolin expresses appreciation (1580828).
The report offers notable accomplishments of European economic cooperation together with shortcomings that must be overcome if European viability is to be achieved.